{"id":11960,"date":"2025-05-11T13:31:27","date_gmt":"2025-05-11T11:31:27","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11960"},"modified":"2025-05-11T13:31:27","modified_gmt":"2025-05-11T11:31:27","slug":"conor-mcgregor-champions-irish-bitcoin-reserve-in-his-presidential-campaign","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/11\/conor-mcgregor-champions-irish-bitcoin-reserve-in-his-presidential-campaign\/","title":{"rendered":"Conor McGregor Champions Irish Bitcoin Reserve in His Presidential Campaign"},"content":{"rendered":"

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UFC fighter-turned-Irish political contender Conor McGregor has expressed his support for the concept of establishing a Bitcoin reserve in his nation to provide more \u201cauthority back to the populace.\u201d<\/p>\n

\u201cCrypto in its inception was created to restore authority to the populace. An Irish Bitcoin strategic reserve will empower the people’s currency,\u201d McGregor stated<\/a> on X on May 9.<\/p>\n

The former UFC champion indicated he would elaborate on his intentions in an upcoming X spaces, stirring reactions from some of the Bitcoin sector\u2019s leading figures.<\/p>\n

Source: <\/em>Conor McGregor<\/em><\/a><\/figcaption><\/figure>\n

\u201cWe require the brightest minds for this BTC Reserve. Message me, and let\u2019s converse on my space,\u201d McGregor remarked<\/a> in reply to Bitcoiner and host of The Pomp Podcast, Anthony Pompliano.<\/p>\n

One of US President Donald Trump\u2019s cryptocurrency advisors, David Bailey,<\/a> also contacted McGregor, to which he answered:<\/a> \u201cDavid, drop me a message; let\u2019s discuss your concepts!\u201d<\/p>\n

McGregor declared his independent candidacy for the Irish presidency in late March 2025, with his campaign focused on anti-immigration strategies and crime reduction.<\/p>\n

Ireland\u2019s forthcoming presidential election must be held by Nov. 11, 2025, as the term of the current President, Michael D. Higgins, is due to conclude the following day.<\/p>\n

Establishing a Bitcoin reserve \u2014 much less one from a minor, independent faction \u2014 would not be a simple task.<\/p>\n

Despite recent advancements in regulations,<\/a> the US, El Salvador, and Bhutan<\/a> are among the few nations that have established a Bitcoin reserve thus far.<\/p>\n

Related: <\/strong><\/em>US has \u2018numerous\u2019 methods to strengthen Bitcoin reserve: Bo Hines<\/strong><\/em><\/a><\/p>\n

McGregor\u2019s political visibility was recently enhanced by a visit to the White House,<\/a> where he engaged with Trump and gained his endorsement.<\/p>\n

Nevertheless, McGregor is under significant scrutiny in Ireland, having just been found guilty of sexual assault<\/a> in a civil matter \u2014 a ruling he has subsequently appealed \u2014 and has also been previously investigated for hate speech offenses.<\/p>\n

McGregor\u2019s last crypto venture stumbled<\/strong><\/p>\n

McGregor\u2019s advocacy for a Bitcoin reserve emerges just over a month after the McGregor-backed REAL project<\/a> failed to secure adequate funding during its token launch pre-sale, resulting in<\/a> a full refund to all token purchasers.<\/p>\n

The team behind the project, Real World Gaming, only raised $392,315<\/a> over a 28-hour presale on April 5 and 6, which was less than half of the $1 million minimum target that had been initially set.<\/p>\n

Source: <\/em>Conor McGregor<\/em><\/a><\/figcaption><\/figure>\n

Magazine: <\/strong><\/em>Adam Back claims Bitcoin price cycle \u201910x bigger\u2019 but will decisively surpass $100K<\/strong><\/em><\/a><\/p>\n